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Property profile & analytics
OFF-MARKET
Estimated value
$4,100,000
Grocery and convenience stores
1740 700th N Salt Lake City, UT 84116-1802
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-0529434
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1975
Construction
WOOD FRAME
Total area
97,731 SF
Lot
8.8 ac (383,328 SF)
Zoning code
CS
APN
08-27-377-013
UPID
US86-0529434
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
1st Choice Money Center Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.10M
Owner & transaction history
Bank Of America · 1 yrs held
Bank Of America
since 2025
7 recorded transactions
Zoning & alternative use
CS · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salt Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salt Lake City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$42 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$128,276
Tax year 2023
Assessed value
$12,975,500
Assessed 2023
Previous assessed
$12,975,500
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$2,468,600
Assessed improvement
$10,506,900
Land market value
$2,468,600
Improvement market value
$10,506,900
Total market value
$12,975,500
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1975
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
97,731 SF
Lot
8.8 ac (383,328 SF)
Zoning code
CS
APN
08-27-377-013
UPID
US86-0529434
Jurisdiction
SALT LAKE
Zoning & alternative use
CS · Salt Lake City, UT
Zoning CS · permitted uses
CS · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salt Lake City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
8.8 ac
Current owner
From public records · entity-resolved
Bank Of America
Entity
Mailing address
860 HAMPSHIRE RD STE U, WESTLAKE VILLAGE, CA 91361-6025
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
—
Bank Of America
Parkstone Venture I LLC
Deed
—
Sep 25, 2023
—
Parkstone Venture I LLC
—
Deed
related
$4,100,000 · Security Service FCU
Apr 20, 2023
—
Parkstone Venture I LLC
—
Deed
related
$4,100,000 · Westridge Lending Reit II LLC
May 9, 2012
—
Parkstone Venture I LLC
Redwood Plaza LLC
Trustees Deed
$6,400,000 · Rudes Gct Investments
Dec 18, 2003
—
Redwood Plaza LLC
Wxi/mcn Commerical Real Estate
Grant Deed
$4,612,500 · Northrim Bank
—
—
Redwood Plaza LLC
—
Deed Of Trust
related
$6,201,610 · Northrim Bank
—
—
Redwood Plaza LLC
—
Deed Of Trust
related
$6,342,680 · Northrim Bank
—
—
Parkstone Venture I LLC
—
Deed Of Trust
related
$4,250,000 · Bank Of America
—
—
Redwood Plaza LLC
—
Deed Of Trust
related
$253,932 · Northrim Bank
—
—
Redwood Plaza LLC
—
Deed Of Trust
related
$4,700,000 · Sterling Savings Bank
—
—
Redwood Plaza LLC
—
Deed Of Trust
related
$1,525,000 · Sterling Savings Bank
—
—
Redwood Plaza LLC
—
Deed Of Trust
related
$31,817 · Northrim Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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